When this book first came onto my radar as a book I might like to read, it was with reviews from my fellow personal finance bloggers that described it as one that will change your life, and that will make your finances follow you rather than the other way around. Both of those descriptions are pretty accurate.

For someone like myself, who’s been writing on personal finance for over 5 years (Beating Broke turns 4 next month!), I’ve seen just about every bit of advice and every bit of financial knowledge that there is out there. Or, at least I think I have. Then something like this book comes along and puts it all together in a different way, or expresses it in a slightly different way, and I learn something new.

So, here’s the short review. If you find yourself struggling with your money, and with how your money and your life can meet, this is most certainly a book for you. It’s not your typical personal finance book that’s going to tell you how to balance your checkbook, what to spend on (and what not to), or anything of the sort. What it is going to do is give you the tools to tracking what you’re spending your money on and then coming to terms with whether those spending habits are habits that are putting you on a track towards a much more fulfilled life. They go a bit further than that, and get into how you can take your reformed spending habits, track them, and then turn your life into something that you want it to be, that uses money as a tool to further your life-long goals rather than postpone them.

It’s not just a book for those that are struggling with money, either. I found several small things that I’ll be working on implementing over the next few months that I hope will bring my finances into further alignment with goals and ambitions that have little to do with work, or money.

Have you read it? What was your reaction? Did you follow it’s steps, and how did they help (or not) you?

As a personal finance blogger, I read a lot of books on personal finance. These books range from the simplified budgeting and saving books to more complex books (like Early Retirement Extreme, which I’m reading now). In all honesty, Psych yourself rich lands somewhere in the middle. Parts of the book are over-simplified. Other parts seem to make things more complex than they should be.

One of the biggest things that I had against the book was that it wasn’t written for me. What does that mean? Well, the book was written for the younger folks out there. The 20-somethings that are struggling with their careers, relationships, and money. I’m a 30-something (just barely, though) that is pretty secure where I work, married, and have a pretty good grasp on my money despite my money being a bit unruly at times. Many of the topics just didn’t apply directly. I certainly could take the general lesson involved and it could apply, but at the surface, it isn’t the same. Also, it’s more of a primer. It doesn’t go in depth on a lot of the topics, choosing to cover more topics, but shallowly.

The one thing that I really enjoyed about this book. Yes, enjoyed is the right word. Even for as strange as it may seem to use that word with a non-fiction finance book. I’m a sucker for the psychology of things. The why we do what we do. Torabi did an excellent job of exploring the psychology behind many of the financial moves that we make. Speaking from experience, she wrote extensively on the psychology of the layoff. I, personally, have never experienced a layoff. I’ve been lucky. I know there are plenty who have in the last few years especially. More important than the psychological effect of the layoff, she takes on the attitude you need to take once you’ve been laid-off in order to quickly recover and gain your feet again.

The psychology aside, this is an excellent book for a beginner in personal finance. Someone who finds themselves deeply in debt, or facing repayment issues based on a layoff. It’s also aimed at those (like me) who like to know why they are doing something, or why they are feeling the way they are about their finances. The book is well written, with some very nice asides that give it a personal touch.

Occasionally, authors approach me to read and review their books. I usually do so, happily. I enjoy reading, and anytime I can get a book to read for free, it makes my wife happier. It’s hard for her to argue about my getting more books when they are free. So, that’s my disclaimer. J. Steve Miller sent me a copy of this book to read. He also sent me a copy to give away, which I will be doing in the coming weeks. Both are autographed too!

So, on to the book. I’ve never read a finance book that was written in the same way as this book was. Most of them are so matter of fact that they are beyond dry. I have to take toothpicks an prop my eyelids open to finish reading them. (I exaggerate, but you get the idea) But, this book was actually fun to read. I think the pivotal reason why is that it’s written in a conversational tone. Very nearly like most of the fiction books you would read. Instead of just spitting out the facts and information for us to chew through, Miller gives it to us with a story.

Now, I can’t say that it’s an award winning story by any means. There’s only so much you can do with the topic, after all. The basics of the story follow a group of high school students (the counterculture club) as they are taken under the mentoring wing of a teacher from their high school. Over several weeks worth of breakfasts at “Hash Browns” diner, she teaches them some key tenets of personal finance like ways to save your money, smart investing principles, and also ways to enjoy your money once you have it working for you. There’s several places where the dialogue makes it seem as if the students are the ones feeding the information to us, which breaks the story facade, but if you ignore those, the story is quite good.

Despite the few flaws in the story, I think Miller makes an excellent attempt at making personal finance easy to learn. The book was great for me, but I think it would be even better as a tool for teaching high school aged children about finances. I can’t say for sure if that’s what Miller intended, but I would guess it is. I think it would make an excellent addition to the curriculum of a school. It would hit a roadblock with some of the religious undertones, so you may have to just buy a copy and gift it to a high schooler you know.

You can pick a copy of it up at Amazon for $15.99. (Or you can wait for the giveaway and try your chances there.) For more information, (description, sample chapters, author interviews and reviews) see the press page here: http://jstevemiller.com/blog/?page_id=578

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